- cross-posted to:
- latestagecapitalism@lemmy.world
- cross-posted to:
- latestagecapitalism@lemmy.world
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So Mega-Layoff is the new way of saying Recession or Great Depression?
Even better, it’s a new way of not saying it.
You had great depression, what about greater depression?
Let’s say I’m a tech worker who got mega laid-off. Depending on how long I have been in tech I may or may not have some small savings to fall back on, but it won’t last long and it doesn’t seem like there are likely to be any tech jobs in the near future that aren’t criminally negligent to outright actively evil. I want to write open source code and I want to help make the internet and the world a better place, but I also really need money for food and medicine and shelter and stuff. What could I do?
seriously what do I do
Ask AI to chart you a path. /s
Take whatever job you can find that pays enough to live on while you work on your next career move.
I was laid off from a high paying IT engineer position in Feb 25, and I got a job doing manual labor at a school until I was able to transition that into a IT position there.
I’m making less than 50% of what I was before, which sucks, but that’s public sector for ya.
take a low paying coding job. there are tons of them.
the issue is that most programmers don’t want to work for 50K a year. they want to work for 100K. they were sold on that high income potential rather than middle class income potential.
my company is small, our top programmer with 30 years of experience only makes about 150K. he could probably make double or triple that if he worked for a tech corp.
our start salary from an entry level programmer is about 65K, way below the market expectation of 80-100K
the kicker is, our programmers tend to be lifers. because the job is stable and the benefits are amazing, even if the pay is ‘criminally’ low such that most people won’t entertain it.
most employees only care about the salary.
I’m only working to pay to be alive
IT has been going up up up for decades now. For first world countries that have the illusion of infinite growth, the mentality is that things only get better so no need for protection ( unions ).
Now that first world got a serious shock in IT … Reality hits the fan.
On 3rd world that’s about every 10 years at best.
“First time” meme vibes.
Umionize.
It’s almost like most industries are subject to the whims of the broader economy, and hiring is up when demand is up, and hiring is down, when demand is down.
IT also gets over consume during built outs and high growth, and cut back to the bone when things are stable or shrinking.
Most tech upgrades are also cyclical, hence why a lot of IT work is contract. They only want someone for 12-18 months during an upgrade cycle, and then they can wait another 3-6 years for the next cycle.
Yep agree, except I’m saying it’s not only IT it’s every industry, and the dips are not “omg inflation is 6%” and “are we in recession” it’s more like the target inflation is 7% but it’s kinda ok now that it lowered to 12%, and even with that the economy is shrinking because some loony from left may win elections and capitalists hate it and are going to ride it out the next 4 years.
We’re not the same.
No.
